In a report published Monday, Morgan Stanley analyst Nigel Coe reiterated an Equal-Weight rating and $28.00 price target on HD Supply Holdings HDS.
In the report, Morgan Stanley noted, “We expect HDS to report 1Q14 results at the high-end of guidance driven by the continued bounceback in institutional and construction spending. We see scope for FY sales guidance to tick up, though we think that's largely baked into HDS' premium valuation.”
HD Supply Holdings closed on Friday at $27.37.
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